Capital Com MENA Securities Trading LLC is regulated by the Capital Market Authority.
Open platformOpen platform

PPL Corp Q3 revenue rises on higher utility rates, demand

By Reuters News


Overview

  • U.S. regulated utility's Q3 reported EPS rose to $0.49 from $0.43 yr/yr

  • Ongoing Q3 EPS increased to $0.54 from $0.48 a year ago

  • Q3 revenue rose 12% yr/yr


Outlook

  • PPL narrows 2026 ongoing EPS forecast to $1.92-$1.96, expects at least $1.94 midpoint

  • Company sees 2027 EPS at $2.06-$2.14, midpoint $2.10, up 8.2% from 2026

  • PPL raises long-term annual EPS growth target to 7%-9% through at least 2030


Result Drivers

  • KENTUCKY RETAIL RATES - Higher retail rates and increased sales volumes drove earnings in Kentucky, partially offset by higher costs and depreciation

  • PENNSYLVANIA BASE RATES - Higher distribution base rates and transmission revenue from capital investments boosted Pennsylvania segment earnings, offset by increased costs

  • RHODE ISLAND BASE RATES - New gas and electric distribution base rates and higher rider revenue supported Rhode Island segment, offset by higher costs and depreciation


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 EPS

$0.49


Reuters Recommended Reads

  • Nov 5 - Duke Energy Q3 adjusted EPS beats estimates

  • Nov 5 - Utility Southern Co's Q3 adjusted EPS beats estimates, helped by warmer weather

  • Nov 4 - Eversource Energy Q3 profit falls on higher costs


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.